Londinia Opportunities Analyses - 05/14/2024 (GMT) X-FAB - 1H

- EUR (-)

- 15 min delayed data - Euronext Paris

Type:	Stocks
Ticker:	XFAB
ISIN:	BE0974310428

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

Europe Stocks
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 6.497 EUR

My targets

6.943 EUR (+3.78%)

7.190 EUR (+7.47%)

My analysis

X-FAB is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 6.497 EUR. The next resistance located at 6.943 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 7.190 EUR. After this resistance, buyers could then target 7.325 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Additional analysis

Quotes

The X-FAB rating is 6.690 EUR. The price has increased by +1.52% since the last closing and was traded between 6.600 EUR and 6.725 EUR over the period. The price is currently at +1.36% from its lowest and -0.52% from its highest.

6.600

6.725

6.690

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of X-FAB in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	6.415	6.497	6.661	6.690	6.943	7.190	7.325
Change (%)	-4.11%	-2.88%	-0.43%	-	+3.78%	+7.47%	+9.49%
Change	-0.275	-0.193	-0.029	-	+0.253	+0.500	+0.635
Level	Minor	Major	Major	-	Minor	Intermediate	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.403	6.477	6.533	6.607	6.663	6.737	6.793
Camarilla	6.554	6.566	6.578	6.590	6.602	6.614	6.626
Woodie	6.395	6.473	6.525	6.603	6.655	6.733	6.785
Fibonacci	6.477	6.526	6.557	6.607	6.656	6.687	6.737

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.165	6.290	6.480	6.605	6.795	6.920	7.110
Camarilla	6.583	6.612	6.641	6.670	6.699	6.728	6.757
Woodie	6.198	6.306	6.513	6.621	6.828	6.936	7.143
Fibonacci	6.290	6.410	6.485	6.605	6.725	6.800	6.920

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.278	5.847	6.188	6.757	7.098	7.667	8.008
Camarilla	6.280	6.363	6.447	6.530	6.613	6.697	6.780
Woodie	5.165	5.790	6.075	6.700	6.985	7.610	7.895
Fibonacci	5.847	6.194	6.409	6.757	7.104	7.319	7.667

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	58.76
MACD (12,26,9):	0.0150
Directional Movement:	11.363
AROON (14):	-28.571
DEMA (21):	6.656
Parabolic SAR (0,02-0,02-0,2):	6.566
Elder Ray (13):	0.033
Super Trend (3,10):	6.547
Zig ZAG (10):	6.690
VORTEX (21):	1.0290
Stochastique (14,3,5):	84.76
TEMA (21):	6.655
Williams %R (14):	-20.00
Chande Momentum Oscillator (20):	0.085
Repulse (5,40,3):	0.7150
ROCnROLL:	1
TRIX (15,9):	0.0140
Courbe Coppock:	0.45

MA7:	6.609
MA20:	6.619
MA50:	6.951
MA100:	7.903
MAexp7:	6.661
MAexp20:	6.638
MAexp50:	6.612
MAexp100:	6.616
Price / MA7:	+1.23%
Price / MA20:	+1.07%
Price / MA50:	-3.75%
Price / MA100:	-15.35%
Price / MAexp7:	+0.44%
Price / MAexp20:	+0.78%
Price / MAexp50:	+1.18%
Price / MAexp100:	+1.12%

Quotes : - 15 min delayed data - Euronext Paris

News

The latest news and videos published on X-FAB at the time of the analysis were as follows: